Purchase of Senior Notes Sample Clauses

Purchase of Senior Notes. Not In Connection with Services
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Purchase of Senior Notes. The Company or any Subsidiary of the Company may at any time and from time to time purchase Senior Notes at any price in the open market or otherwise. Any Senior Note so purchased may, to the extent permitted by applicable law and subject to any other contractual obligations of the Company, be held, re-issued or resold or, at the Company’s option, be surrendered to the Trustee for cancellation. With respect to the Senior Notes, Section 6.1, Section 6.2, and Section 6.3 of the Indenture, respectively, shall be replaced in their entirety by Section 4.1, Section 4.2, and Section 4.3 hereunder:
Sample 1Sample 2
Purchase of Senior Notes. 1.1 Subject to the terms and conditions hereof, the Purchasers hereby agree to purchase from the Company, and the Company has offered and hereby agrees to issue and sell to the Purchaser $2,000,000 aggregate principal amount of the Notes due June 30, 2003, to be issued substantially in the form attached hereto as Exhibit B for delivery at the respective offices of the Purchasers, against payment to the Company of the respective amounts set forth opposite the Purchasers' names in Exhibit A by wire transfer in same day or next day funds. The term "Notes" as used herein shall include the Notes originally issued pursuant to the provisions of this Agreement and any promissory notes delivered in substitution or exchange therefor. The Notes will bear interest, be payable and mature at the time and under the terms and conditions specified therein. The Notes will be convertible into shares of the Company's Common Stock at the rate of $1.00 face value of the Note for each share of the Company's Common Stock, subject to adjustment, all as provided in the Notes. The Company has authorized and reserved for issuance up to 2,000,000 shares of Common Stock (which number may be adjusted as provided in the Notes) upon conversion of the Notes in accordance with their terms (as used herein, the "Notes" and the shares of the Common Stock issuable upon conversion thereof are referred to collectively as the "Securities").
Sample 1Sample 2
Purchase of Senior Notes. 1.1 Subject to the terms and conditions hereof, the Purchasers hereby agree to purchase from the Company, and the Company has offered and hereby agrees to issue and sell to the Purchaser $2,000,000 aggregate principal amount of the Notes due June 30, 2003, to be issued substantially in the form attached hereto as Exhibit B for delivery at the respective offices of the Purchasers, against payment to the Company of the respective amounts set forth opposite the Purchasers' names in Exhibit A by wire transfer in same day or next day funds. The term "Notes" as used herein shall include the Notes originally issued pursuant to the provisions of this Agreement and any promissory notes delivered in substitution or exchange therefor. The Notes will bear interest, be payable and mature at the time and under the terms and conditions specified therein. The Notes will be convertible into shares of the Company's Common Stock at the rate of $1.00 face value of the Note for each share of the Company's Common Stock, subject to adjustment, all as provided in the Notes.
Sample 1
Purchase of Senior Notes. At the Closing and as of the Effective Time, Parent shall purchase from each holder of the Senior Notes all of the outstanding obligations of the Company pursuant to each Senior Note in accordance with the Note Purchase Agreements executed concurrently with this Agreement.
Sample 1
Purchase of Senior Notes. Borrower shall not purchase any of its Senior Notes except that the foregoing shall not apply to purchases of such Senior Notes at a price not in excess of $650 per $1,000 face amount. Borrower shall comply with all state and federal securities laws in connection with any purchase of Senior Notes, including without limitation, the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder.
Sample 1
Purchase of Senior Notes. The Company will not and will not permit any Subsidiary or Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Senior Notes except upon the payment or prepayment of the Senior Notes in accordance with the terms of the Senior Note Agreement and the Senior Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Senior Notes pursuant to any provision of this Agreement and no Senior Notes may be issued in substitution or exchange for any such Senior Notes.
Sample 1
AutoNDA by SimpleDocs
Purchase of Senior Notes. Upon the occurrence and during the continuation of an Event of Default, Holders of Subordinate Notes representing more than fifty percent (50%) of the Unpaid Principal Balances of all Classes of Subordinate Notes may purchase all (but not less than all) of the Notes of each Senior Class of Notes then Outstanding, for an amount equal to the sum of (i) the then Unpaid Principal Balances of all Senior Classes of Notes, (ii) accrued and unpaid interest at the interest rate or rates in effect at that time on the amounts set forth in clause (i), (iii) any breakage costs incurred by the Holders of such Senior Classes of Notes and (iv) all other unpaid Outstanding Obligations of the Issuer under the Related Documents for all such Senior Classes of Notes. The Indenture Trustee shall, promptly upon receipt of such amount, distribute such amount to the holders of the Senior Notes and to the other Persons identified by the Manager as entitled to such amounts. On or prior to the date of the exercise of the foregoing right to purchase the Senior Notes, the Holders of the Senior Notes, the requisite number of Holders of Subordinate Notes, the Issuer, the Manager and the Indenture Trustee shall mutually negotiate, execute and deliver such written agreement(s) as are reasonably necessary to document such purchase; provided, that the Indenture Trustee shall receive indemnification for any actions requested by any other party to be taken by it in respect of such purchase or pursuant to such written agreement(s). ARTICLE III PAYMENT OF NOTES; STATEMENTS TO NOTEHOLDERS
Sample 1

Related to Purchase of Senior Notes

  • Purchase of Notes The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement. (b) The Trust hereby directs the Indenture Trustee, upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Funding Agreement pursuant to the Assignment and upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Guarantee, (i) to authenticate the certificates representing the Notes (the “Notes Certificates”) in accordance with the Indenture and (ii) to (A) deliver each relevant Notes Certificate to the clearing system or systems identified in each such Notes Certificate, or to the nominee of such clearing system, or the custodian thereof, for credit to such accounts as the Purchasing Agent may direct, or (B) deliver each relevant Notes Certificate to the purchasers thereof as identified by the Purchasing Agent.

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Repurchase of Notes Neither the Company nor any Consolidated Subsidiary or Affiliate, directly or indirectly, may repurchase or make any offer to repurchase any Notes unless an offer has been made to repurchase Notes, pro rata, from all holders of the Notes at the same time and upon the same terms. In case the Company repurchases or otherwise acquires any Notes, such Notes shall immediately thereafter be canceled and no Notes shall be issued in substitution therefor. Without limiting the foregoing, upon the repurchase or other acquisition of any Notes by the Company, any Consolidated Subsidiary or any Affiliate, such Notes shall no longer be outstanding for purposes of any section of this Agreement relating to the taking by the holders of the Notes of any actions with respect hereto, including without limitation, SECTION 6.3, SECTION 6.4 and SECTION 7.1.

  • Purchase of Securities Promptly upon each purchase of Securities for the Fund, Written Instructions shall be delivered to the Custodian, specifying (i) the name of the issuer or writer of such Securities, and the title or other description thereof, (ii) the number of shares, principal amount (and accrued interest, if any) or other units purchased, (iii) the date of purchase and settlement, (iv) the purchase price per unit, (v) the total amount payable upon such purchase, and (vi) the name of the person to whom such amount is payable. The Custodian shall upon receipt of such Securities purchased by the Fund pay out of the moneys held for the account of the Fund the total amount specified in such Written Instructions to the person named therein. The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Securities for the Fund, if in the Fund Custody Account there is insufficient cash available to the Fund for which such purchase was made.

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Purchase of Bonds The Company may at any time, and from time to time, furnish moneys to the Trustee accompanied by a notice directing such moneys to be applied to the purchase of Bonds in accordance with the provisions of the Indenture delivered pursuant to the Indenture, which Bonds shall, at the direction of the Company, be delivered in accordance with Section 3.06(a)(ii) of the Indenture.

  • Repurchase of Securities AT THE OPTION OF THE HOLDER UPON A CHANGE IN CONTROL

  • Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

  • Sale and Purchase of Securities Subject to the terms and conditions hereof, the Company agrees to sell, and Purchaser irrevocably subscribes for and agrees to purchase, the number of Units set forth on the signature page of this Agreement at a purchase price of $15.00

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!